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obama. once again obama is pushing for higher taxes. don't take our word for it. listen to what he said last night just before the sboel. >> there is a way to solve the budget problems in a responsible way through a balanced approach that the vast majority of people agree with. if we do there is no reason we can't have strong growth in 2013. we can't b have washington dysfunction getting in the way. >> with all respect, free market capitalism is the best path to prosperi prosperity. more tax hikes will not hurt this economy. let's not push our luck. republicans will block it. we'll be right back. ♪ if loving you is wrong ♪ i don't wanna be right [ record scratch ] what?! it's not bad for you. it just tastes that way. [ female announcer ] honey nut cheerios cereal -- heart-healthy, whole grain oats. you can't go wrong loving it. >>> stock market correction today. i still believe rising profits and an easy fed will keep the bull market going -- at least until the president tax bombs us to death again. that's what obama said before the super bowl yesterday which could be the real reaso
will get back to you if there are more details. the fbi is promising that in the next few hours. >> tax hike to high income earners. he may be going to the well again. the president insists he needs more money to reduce the deficit and will likely focus on a familiar target. white house correspondent wendell goaler tells us how that is going over. >> as the president headed to minnesota to talk about gun violence, republicans on capitol hill tried to keep the nation's attention on fiscal matters. >> we are having trouble in large part because spending is a problem. it is what is chasing jobs overseas and causing much anxiety about our future. >> sunday in a presuper bowl interview with cbs's scott kelly mr. obama said this year's tax changes shouldn't be the last. >> there is no doubt we need additional revenue coupled with smart spending reductions in order to bring down the deficit. he is not talking raising rates but closing loopholes especially those making money from investment pay a lower tax rate than income salaried or hourly wage earn ers. >> the average person doesn't have acc
to the driving theme of his campaign. economic fairness. on the issue of revenue, he isn't done raising taxes on the wealthy. >> when you look at some of these deductions that certain folks are able to take advantage of, the average person can't take advantage of them. the average person doesn't have access to cay men island accounts, the average person doesn't have access to carried interest income. we just want to make sure that the whole system is fair. that it's transparent. that we're reducing our deficit in a way that doesn't hamper growth, reduce the kinds of strategies that we need in order to make sure that we're creating good jobs and a strong middle class. >> strong middle class. make sure the system is fair. it's game on for this president. joining me now is political strategist angela rye. thank you both for being with us. >> thank you, reverend al. >> jarret, let me go to you first. tax fairness is a big part of what the president wants to get done. take a look at this. there are many middle class households that are actually paying a higher tax rate than households that make ov
's paycheck went down as taxes went up. that will take $200 billion out of the economy. now you have got gas prices spiking. that's going to take even more money out of the economy just as the economy starts to slow down and contract. the timing as you said could not be worse. gregg: you are such a kill joy on a monday morning. stu varney. martha: so this spike at the pump appears to be no fluke but a part of an ongoing trend. gas prices have gone up for 18 consecutive days. 18 states have gas prices higher than the national average. they are feeling the pain of that more than the rest of the states. we are just getting started on this monday morning. gregg: ahead. a deadly chain reaction crash involving a tour bus. details on what investigators think went wrong in a live report. martha: president obama in his super bowl interview. he dropped a bit of news. he is pushing once again for increased revenues. there is only one way to get those these days when you have got an economy that's not growing. former president wash adviser karl rove is here with us next. gregg: a little boy in alabama s
. in the meantime president obama is asking republicans to delay spending cuts with more tax hikes. there are some liberal democrats who say republicans just want to gut the social programs. >> it's time we take off just the green eye shade and look at the people behind the cuts that have been made. $600 million cuts to community health centers. that's talking about taking food out of the mouths of babies. i would say mitch mcconnell is a bully. gregg: will republicans go for president obama's deal? martha: there are some tough new questions for the white house after a memo surfaced that lays out the case for targeting u.s. citizens overseas when they believe they are a threat to our country. the critics say it allows the president to be the judge, jury and executioner on americans. now there is a group of senators who say they want answers to this, and if they don't get them the president's nominee for cia and defense could be held up. >> we conduct those strikes because they are necessary to mitigate ongoing actual threats, prevent attacks and save american lives. these strikes are legal, ethica
all of our revenue from the sale of postage. we take no tax dollars. we do not want tax dollars. >> zero. zero tax dollars. in other words, you're not getting shafted. now let's just make sure that we're all clear on this issue. the post office receives, again, as i said, zero tax dollars for operations. it's run as an independent agency. postal employees are civil servants. it's the only institution in america that has been forced to prefund for 75 years a pension plan in a ten-year window. it would have a $1.5 billion surplus in 2012 without this pension requirement. do we get that, folks? this is government intervention by the republicans before they handed the gavel to nancy pelosi. and this is what they stuck the workers with. they want to destroy the post office because they want to privatize everything. today i guess you can say is chapter one, where is the banner, mission accomplished for the republican destruction of the middle class in this country. now, congressman darrell issa, who he just loves the news. he called it common sense-sense reform. of course it's common
? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> it hasn't sunk in yet. crazy. unbelievable. tough to put into words because it just really hasn't sunk in yet. i don't even think it's sunk in that we're here, let alone won the thing, so pretty cool. >> the way that game played out when it was 28-6 and the lights went out and whatever happened, i just knew with jim harbaugh being on the other sideline and all those years that we've been together, that that game was going to be a dogfight right to the end. that those guys were coming back. >> i just try to let my teammates at this moment know what we feel like. and last night when i had the conversation with them, you know, that just came directly from my heart to tell them what this feeling would feel like and what god has showed me and for us
for business.com. and see why our low taxes, sensible regulations, and fair legal system are just the thing to get your business moving. >> bill: that ad is running in most large california cities and of course is very controversial. joining us now from fort worth, texas. brook rollins. promotes free enterprise in that state from. san francisco, chief legal officer at virtual fan network and digital media company. joe, we begin with you. this is -- they are trying to poach business from your state, take them out and they have the stats to back it up, joe. >> well, i don't know about that i mean, california created more jobs last year than texas, oregon, and west virginia combined. but, i do want to thank the governor for spending his $24,000 here in california. my personal opinion it probably would have been better spent with the boys to men campaign. the reality is california is never going to compete with texas on oil production and natural gas production. the same way texas is not going to be able to compete with california, northern california with entrepreneurialism and culture innovat
family budgets manage before you even take out taxes you have 4% for severally getting around? >> the average median income for families in america is about $50 $51,000. there's not a lot of extra room, especially given the fact that the economy is not growing, people aren't anticipating wage increases. it's really tough out there if you're a family of four and you're trying to make do. >> shannon: how does this have a ripple effect because it's not just, you know, us going out to fill up the gas. i mean, it's the truckers who have to deliver products and food and that kind of thing. where does it show up e elsewhe? >> it shows up in food we purchased, manufactured goods. when we go to shopping i sisters to buy children's apparel, everything gets to us through vehicles with gasoline. >> shannon: there's plenty of criticism for this particular administration that it could have done more to work on domestic energy production. when you have somebody who sits as a cabinet member who said before being nominated that somehow you have to boost the price of gasoline to the levels in e
the effects of obamacare including the medical device tax that is cutting r&d and causing layoffs across the country in the most innovative firms, the fact that so many people who were intending to no longer going into medicine, thank you, brain drain, a consequence of obamacare, and doctor who were individual practicers are either bailing and retiring all together or going into concierge care. have you heard that term? do you know the people that are shutting down their practices, dropping insurance all together where now only the wealthiest can pay for care. congratulations obamacare. heck of a job. >> stephanie: so we tried to impact that little rice ball of nonsense yesterday. and i got a letter i sent to you. dede rights malkin is right. hey, steph the hospitals systems have brought up the big doctor practices. smaller doctors were not brought into their systems. medicare pays three times the amount that they pay a single doctor. i'm related to a physician. there is going to be a shortage of doctors. i'm very concerned -- blah blah blah. what are your thoughts on
taxes. >> can we combine some smart spending cuts because there's still some waste in government, can we reform our health care programs in particular and can we close loopholes and productions that folks who are well connected and have a lot of accountants can take advantage of. there's no doubt we need additional revenue coupled with smart spending reductions in order to bring down our deficit. >> president also warned congress about the danger of alowing the sequester to go into effect. >> washington cannot continually operate under a cloud of crisis. that freezes up consumers, gets businesses worried. we can't afford the self-inflicted wounds. >> no another tweet david plouffe said message delivered to big audience on balanced budget, deficit reduction, economy growth. on abc, an unlikely name was invoked for direction. >> i think what we need to do is do some things mitt romney taungd abo talked about. he said there are tax loopholes that should be closed. there are efforts being made to only get rid of the sequester as it relates to defense. i repeat, $2.6 trillion already all comi
called that plan doa on the hill. >> the american people believe that the tax question has been settled. they know the president called for a balanced approach to the debt. and they know he got his revenue. >> you see the republicans playing games with the budget. give new meaning to the term march madness because that's what will result if we have to face a sequester. it's a very bad idea. a sequester should be out of the question. >> two republican congress mens are backing the president's plan. tom rooney of florida said i think any alternative is allowing the sequester to take effect. rob bishop said the postponing is better than the implementation and the cuts. cnbc contributor, also a columnist for reuters, i will start off with you on this one. i am sizing up from speaker boehner and nancy pelosi. the language and the tone and how do you assess where things were 23 days out? >> right. you would be hard pressed to find a member who wants the sequester to go through. in the defense industry with representative rooney and that's a big industry in florida. no one wants this to happen
the sierra club about that, and we have a great guest, a multimillionaire, who is saying raise taxes on the rich. don't miss that. and then we have two stories about--one on the cops, and how they're not doing their job in miami. the tape on that is unbelievable. [ sirens ] >> attention all units a 29 just occurred. >> investigators say he never moved. he was tied up with his lady frequent outside of dade land mall. >> cenk: what he didn't respond to is amazing. and then of course the guy who shot two other soldiers because he might have ptsd, he killed the top sniper we ever had. why did he do it, as how bad is ptsd among our troops, you'll find out. it's go time. [ ♪ music ♪ ] >> cenk: boy welcome to the "the young turks." we have an amaying story to start out with. two miami-dade officers fired and three others suspended. why? it's pretty serious stuff. they were not responding to calls that were dramatic. why? [ sirens ] >> attention all units. a 29 just occurred with a gun cash taken. black male with a black hoodie and blue jeans. he need on foot. >> an armed robbery in prog
and tax reforms. >> i think the sequester's going to happen. >> washington desperately needs some adult leadership. >> talking like adults. let's get this country back on the mother [ bleep ] track. oh yeah! >> the president and the first lady are kind of like the mom and the dad of the country. >> there isn't any resistance to obama anywhere. >> at some point washington has to deal with its spending problem. >> and when your dad says something, you listen. and when you don't, it usually bites you in the [ bleep ] later on. >> i've had enough of it. it's time to act. ♪ >>> the clock is now ticking on what many economists say is a near-certain double dip recession if more than a trillion dollars in automatic spending and defense cuts are allowed to occur at the beginning of next month. and while the president is busy running the government, today nominating a new candidate for the interior department. and yesterday pleading for action to prevent the so-called sequester, republicans have been out front telling anyone who will listen that they, too, are absolutely opposed to any cuts to
to get at the end of the line and have a criminal background check, learn english, pay back your tax. but it can't be unattainable. it can't be so long that it's unattainable. >> well, mayor, senator rubio is proposing a path that i actually think creates a new class system of workers in this country. rubio's plan would let businesses hire lower skilled undocumented workers if americans can't fill the job openings. that's very conditional in my opinion. it's a loophole in the immigration law. it means lower skilled immigrants get a different kind of status. do you agree this plan? is this the correct path to take? >> well, as i said, i believe that there needs to be a path to earn legalization, to earn citizenship for the 11 million people who are here. >> regardless of their skills, correct? >> right. we don't want to divide the parents from the kids. we don't want to deport the parents and leave the kids here. remember, those 11 million undocumented have 5 million citizen children and a couple million dreamers. so i think that there is momentum in the senate and increasingly in the
the reduction of tax loopholes. >> they recognize that the sequester is a bad idea, but what they suggested is that the only way to replace it now is for us to cut social security, cut medicare, and not close a single loophole, not raise any additional revenue from the wealthiest americans or corporations that have a lot of lawyers and accountants who are able to maneuver and manage and work and game the system. and i have to tell you, if that's an argument that they want to have before the court of public opinion, that is an argument i'm more than willing to engage in. >> joining me now is nobel prize winning economist paul krugman. he's a professor of economics at princeton university and author of the book, "end this depression now" which is now available in paperback. professor krugman, you know what i do, i take notes. i'm going to be over here taking notes. i want to get your reaction to what the president said today about his eagerness for a big deal with republicans and what are the possibilities there? >> well, okay. i believe there is no possibility. >> exactly what i thought. >>
and tax reform hit a brick on capitol hill. politico reporting that obama's plan dead on arrival, and house speaker john boehner was speaking on capitol hill, right now saying that his party plans to stand with the american people and we want to show you exactly what he had to say about that yesterday. >> on two occasions has passed a plan to replace the sequester. it's time for the senate democrats to do that work. it's time for the president to offer his ideas about how to replace the sequester. >> his first answer to everything is new taxes. and when you think about it, what happened in january, he got $600 billion in new revenue, where were the spending cuts? now again he wants to raise taxes. i think it's time for us to cut spending. >> now with 1,379 days gone since the last time congress passed a budget and with the country poised to take a poison pill of cuts, what will it take? >> not passing a budget is shameful. and now you have the president saying well, i'm against the sequester cuts. well okay, great. well what are you going to replace them with? >> the republicans
of companies paid out dividends in anticipation of tax law changes. also, some companies paid out special bonuses. that did lead to an unusually strong number for december. but, you know, in general, it was a temporary kind of thing. we would not expect those things. host: how did the year look? guest: overall, we had an increase of 3.5% for the year .12. -- 2012. that is a good increase. it is a little below the long- term trends. host: when is a personal income, is that take-home pay or are there several factors associated? guest: there are a number of factors involved. within personal income, we have wages and salaries which account for more than half of the total. we also have small business income, things like rental income and also investment income in terms of interest and dividends and so forth. there is transfer income, social security and unemployment and so forth. there is a variety of types of income. it is an all-encompassing. host: a boost as far as money is concerned. what does that say overall, not only from how people personally did but how does it into the economy? guest
. taxes are going up which some people rightly see as an infringement upon their freedom to spend their money as they see fit. >> greta: what do you see as something that's american people or the american government should or should not do on gun control? >> there ought to be reasonable restrictions on felons, people who are mentally disturbed. one of the things that worries me about this is that we seem to pay attention to the people who are not the source of the problem and ignore dealing with the problem. we know this -- cities like chicago with very strict gun control laws don't have less crime than the communities surrounding them and we also know that as ownership of firearms has expanded in our country the country has -- the crime has declined. the famous socioologyist, he had written an article pointing out in our rush to worry about firearms getting in the hands of people who shouldn't have them, we also were likely to step on the rights of people who had every right in the world to get them and his point was between half a million and two million instances a year a firea
, at very times, made common cause with the antigovernment, anti-tax, anti-everything. they were willing to get in bed with him at certain points. and now they're paying for it. and karl is trying to unwind what he's wound. >> he's like a track tout. i used to go and after the races were over, they would show you who they'd recommend you'd bet on. it was always the winners that pass out the free picks. i would have bet on this guy. that's rove out there saying i would have had all of these winners picked, we would have won all of these general elections and now everybody realizes we're going to go over it in a minute. but your thoughts? >> now, i totally agree with howard. your analogy there. the problem for karl is we have all the betting slips. his two organizations, american cross roads and cross roads gps had a 1% and a 14% success rate. that is not a good track record. it doesn't auger well. this guy, basically, built donors out of more than $200 million and got no return on investment and now he's coming back and saying oh, i can fix the party. good luck with that. >> let's take a
the crisis of this oil spill to try to promote his energy tax. and i've had numerous people all over the district question whether his poor response to this oil spill was purposeful so that he could promote his energy tax. i don't know. >> i don't know. maybe he is just letting that oil spill for political purposes, because he is a nazi and a marxist. who could know? the same congressman decided during the state of the union address in 2011 that he would not attend the speech in congress, but rather he would troll the speech on twitter. quote, you don't believe in the constitution, mr. president. you believe in socialism. that's what he was tweeting during the state of the union. he has declared nancy pelosi a domestic enemy against whom he is sworn to protect the nation. he has said that president obama is part of a socialistic elite planning to declare martial law. and he has said that the president may use the excuse of a flu pandemic to declare a martial law. he said, quote, we've seen that historically. guess how this gentleman feels about health reform? >> folks, this is obama
're not going to give any tax increases to the rich, but we're going to let the middle class and the poor pay more we're going to let unemployment insurance run out on people that can't find work. every tax loophole in the world, we're going to leave it in place and start examining things that seniors need. i mean, how do you explain that better? >> i don't think hogan is correct about this. the core of it they lost two seats in the senate. they were trying to talk about rape and abortion and that was a conserve tiff view. marco rubio is saying you need to take an immigration deal. and the republican tea party is saying no, it's not possible, it's amnesty. you're wrong. i don't think this is purely about tone. the republican party has to move to the left. karl rove thinks that, marc marco rubio thinks that. it's not guilty aboutish issues, like you just said. when you look at, hogan, the war on women and the legislation they passed in certain states against women's right to choose, it wasn't that women were objecting to the tone, they were objecting to the policy. when you look at they're clo
with taxes. the president was very clear that when meeting the economic and fiscal challenges ahead, that he wants to keep in perspective whether the cop or the receptionist was able to make it. and he did contrast it with what the republicans want. and they want to cut medicare and social security. and so he said fine, let's argue this out in the public. and he clearly felt confident that he and we would win if that bat 8 takes place. >> now, the reason i'm asking, congresswoman, is "politico" is reporting that the economy is crumbling. let me quote. >> if that is true and the democratic caucus stands together and the president stands firm, they will have backed down yet again. >> exactly. you know, reverend al, that this sequester was never intended to go into effect because the cuts were so devastating. and so this, again, would be a capitulation to the democrats. >> and i think that's the real point, joan. the sequester was put out with such unreasonable cuts, it was to make sure that we never got there. and to act as though now we may have gone there is absolutely unthinkable when it wa
Search Results 0 to 49 of about 130 (some duplicates have been removed)